Businesswire·2025-12-05 01:00Core Viewpoint - A class action lawsuit has been filed against Alexandria Real Estate Equities, Inc. alleging misleading information regarding its leasing spreads, development pipeline, and occupancy growth for its life-science properties, particularly the Long Island City property [2]. Group 1: Lawsuit Details - The lawsuit covers investors who purchased securities from January 27, 2025, to October 27, 2025, claiming the company lacked reliable information about its leasing and occupancy growth [2]. - It is argued that Alexandria's optimistic reports about its development pipeline and occupancy rates were materially misleading, as the value and growth potential of its LIC property had been declining for years [2]. Group 2: Financial Performance - On October 27, 2025, Alexandria reported Q3 2025 financial results that did not meet analyst expectations, showing a 7% decline in adjusted funds from operations and lower revenues [3]. - The financial results were attributed to lower occupancy rates, slower leasing activity, and a significant real estate impairment charge of $323.9 million, with $206 million related to the LIC property [3]. - Following the earnings report, Alexandria's share price dropped by $14.93, approximately 19.17%, from $77.87 to $62.94 [3].